Investors have gained over Rs 5.17 lakh crore in two days of equity rally, with the market capitalization of BSE-listed companies surging to an all-time high on Tuesday.

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Rising for the second straight session, the 30-share BSE Sensex jumped 445.56 points or 0.75 percent to close at 59,744.88 on Tuesday. The BSE benchmark had jumped 533.74 points or 0.91 per cent on Monday.

Following the two-day rally, the market capitalization of BSE-listed companies jumped by Rs 5,17,836.87 crore to reach its lifetime high of Rs 2,64,78,332.22 crore at the close of trade on Tuesday.

"Indian equities opened with negative bias but regained its momentum in the second half to edge higher as broad-based buying was seen in the market ahead of September quarter earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

IndusInd Bank emerged as the biggest gainer among the 30-share companies pack, jumping 4.60 percent, followed by Bharti Airtel, Reliance Industries, HCL Tech and Titan.

In contrast, Sun Pharma, PowerGrid, ITC and UltraTech Cement were among the laggards.

In the broader market, the BSE midcap and smallcap indices climbed up to 0.54 per cent.

"The market remained optimistic ahead of the start of the earnings season even as global cues were not supportive," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.